February 1, 2010
Another non-ECFA member is subjected to high-level scrutiny over alleged financial dealings.
Franklin Frisby says God has entrusted him with hundreds of billions of dollars. And soon, the pastor told a Fort Worth audience last year, he will hand that money out to dues-paying members of his Ambassador for Christ Convention Churches Inc.
Frisby has been saying that for years. He has pledged to give members $50 million each to fund community projects. And he has described how he would pay each project leader an annual salary of $100,000 and cover personal debts – with $60,000 thrown in for a car allowance.
Members have yet to see this money, but church officials say they are working on it.
http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/013110dnprofrisby_.3e90772.html
This text is provided with the understanding that ECFA is not rendering legal, accounting, or other professional advice or service. Professional advice on specific issues should be sought from an accountant, lawyer, or other professional.